Tax on listed shares & equity funds (STCG / LTCG)
For sales on or after 23 July 2024. Excludes 4% cess and surcharge. Not tax advice; confirm with a CA.
For listed equity shares and equity-oriented mutual funds sold on or after 23 July 2024, gains on holdings of 12 months or less are short-term and taxed at 20 percent. Gains on longer holdings are long-term: the first ₹1.25 lakh of long-term gains in a financial year is exempt, and the rest is taxed at 12.5 percent.
No, it applies to your total long-term equity gains across the whole financial year.
No. A 4 percent health and education cess applies on top of the tax shown, plus surcharge at higher incomes.
No. Those assets follow different holding periods and rules. This tool covers listed equity and equity-oriented funds only.